DESTIMMO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DESTIMMO
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+26.5%), from €5.0m to €6.3m
- Cash -€216,927
down €216,927 (-78.5%), from €276,417 to €59,490
mainly Investment in fixed assets (net) (-€1.7m) and Contributions, distributions and other (-€533,000)
- Financial fixed assets +€125,000
up €125,000 (+99.4%), from €125,770 to €250,770
- Receivables within one year +€97,453
up €97,453 (+113.7%), from €85,718 to €183,171
of which Other amounts receivable: +€100,071
- Debts after one year +€1.5m
up €1.5m (+60.8%), from €2.4m to €3.9m
of which Financial debts: +€1.5m
- Profit (loss) carried forward -€566,858
down €566,858 (-42.1%), from €1.3m to €779,191
- Other debts +€337,886
up €337,886 (+8213.4%), from €4,114 to €342,000
- Current portion of long-term debt +€80,400
up €80,400 (+42.7%), from €188,350 to €268,750
- Financial charges +€71,854
up €71,854 (+122.2%), from €58,822 to €130,676
- Gross operating margin +€64,731
up €64,731 (+20.0%), from €324,053 to €388,784
- Other operating charges +€37,618
up €37,618 (+46.1%), from €81,651 to €119,269
- Depreciation +€33,126
up €33,126 (+19.1%), from €173,080 to €206,206
- Staff costs +€13,224
up €13,224 (+36.5%), from €36,265 to €49,488
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,590,506 | €7,931,606 | +€1.3m | +20.3% |
| Fixed assets | 21/28 | €5,127,301 | €6,576,162 | +€1.4m | +28.3% |
| Tangible fixed assets | 22/27 | €5,001,531 | €6,325,392 | +€1.3m | +26.5% |
| Land and buildings | 22 | €4,197,623 | €4,791,799 | +€594,176 | +14.2% |
| Plant, machinery and equipment | 23 | €21,248 | €30,612 | +€9,364 | +44.1% |
| Furniture and vehicles | 24 | €44,266 | €152,181 | +€107,915 | +243.8% |
| Assets under construction and advance payments | 27 | €738,395 | €1,350,800 | +€612,406 | +82.9% |
| Financial fixed assets | 28 | €125,770 | €250,770 | +€125,000 | +99.4% |
| Current assets | 29/58 | €1,463,205 | €1,355,444 | -€107,761 | -7.4% |
| Amounts receivable within one year | 40/41 | €85,718 | €183,171 | +€97,453 | +113.7% |
| Trade receivables | 40 | €56,446 | €53,828 | -€2,618 | -4.6% |
| Other amounts receivable | 41 | €29,272 | €129,343 | +€100,071 | +341.9% |
| Current investments | 50/53 | €1,060,000 | €1,080,521 | +€20,521 | +1.9% |
| Cash at bank and in hand | 54/58 | €276,417 | €59,490 | -€216,927 | -78.5% |
| Deferred charges and accrued income | 490/1 | €41,070 | €32,262 | -€8,808 | -21.4% |
| Total equity and liabilities | 10/49 | €6,590,506 | €7,931,606 | +€1.3m | +20.3% |
| Equity | 10/15 | €3,886,186 | €3,299,191 | -€586,996 | -15.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,520,138 | €2,500,000 | -€20,138 | -0.8% |
| Tax-exempt reserves | 132 | €20,138 | €0 | -€20,138 | -100.0% |
| Distributable reserves | 133 | €2,500,000 | €2,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,346,049 | €779,191 | -€566,858 | -42.1% |
| Provisions and deferred taxes | 16 | €10,369 | €0 | -€10,369 | -100.0% |
| Deferred taxes | 168 | €10,369 | €0 | -€10,369 | -100.0% |
| Amounts payable | 17/49 | €2,693,950 | €4,632,415 | +€1.9m | +72.0% |
| Amounts payable after more than one year | 17 | €2,447,876 | €3,935,726 | +€1.5m | +60.8% |
| Financial debts | 170/4 | €2,446,316 | €3,934,166 | +€1.5m | +60.8% |
| Other amounts payable | 178/9 | €1,560 | €1,560 | = | 0.0% |
| Amounts payable within one year | 42/48 | €240,424 | €624,373 | +€383,949 | +159.7% |
| Current portion of amounts payable after more than one year | 42 | €188,350 | €268,750 | +€80,400 | +42.7% |
| Trade debts | 44 | €15,197 | €2,248 | -€12,949 | -85.2% |
| Suppliers | 440/4 | €15,197 | €2,248 | -€12,949 | -85.2% |
| Taxes, remuneration and social security | 45 | €32,763 | €11,375 | -€21,388 | -65.3% |
| Taxes | 450/3 | €23,240 | €3,674 | -€19,565 | -84.2% |
| Remuneration and social security | 454/9 | €9,524 | €7,701 | -€1,823 | -19.1% |
| Other amounts payable | 47/48 | €4,114 | €342,000 | +€337,886 | +8213.4% |
| Accrued charges and deferred income | 492/3 | €5,649 | €72,316 | +€66,667 | +1180.1% |
| Non-recurring operating income | 76A | €0 | €439 | +€439 | |
| Remuneration, social security and pensions | 62 | €36,265 | €49,488 | +€13,224 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,080 | €206,206 | +€33,126 | +19.1% |
| Other operating charges | 640/8 | €81,651 | €119,269 | +€37,618 | +46.1% |
| Non-recurring operating charges | 66A | €25,055 | €5,708 | -€19,347 | -77.2% |
| Gross operating margin | 9900 | €324,053 | €388,784 | +€64,731 | +20.0% |
| Operating profit (loss) | 9901 | €8,003 | €8,113 | +€110 | +1.4% |
| Financial income | 75/76B | €65,674 | €58,639 | -€7,035 | -10.7% |
| Recurring financial income | 75 | €65,674 | €58,639 | -€7,035 | -10.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €58,822 | €130,676 | +€71,854 | +122.2% |
| Recurring financial charges | 65 | €58,822 | €130,676 | +€71,854 | +122.2% |
| Profit (loss) for the period before taxes | 9903 | €14,855 | -€63,924 | -€78,779 | |
| Transfer from deferred taxes | 780 | €827 | €10,369 | +€9,542 | +1153.2% |
| Income taxes | 67/77 | €10,590 | €441 | -€10,149 | -95.8% |
| Profit (loss) for the period | 9904 | €5,093 | -€53,996 | -€59,088 | |
| Transfer from tax-exempt reserves | 789 | €3,694 | €20,138 | +€16,444 | +445.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €8,787 | -€33,858 | -€42,645 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.